SA 450 requires the auditor to accumulate misstatements identified during the audit, evaluate them individually and in aggregate, and communicate the consequences to those charged with governance. CORAA does the accumulation continuously as the audit runs, classifies each finding against the locked SA 320 materiality, and surfaces the opinion impact before the partner sits down for sign-off.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
Whether the flag is raised by the rules engine, by a manual scrutiny note, or by a portal query, it becomes a Finding object the moment it is created. Each object captures the description, the audit assertion at risk, the quantum, the evidence, and the responsible team member.
Materiality is locked in the SA 320 memo before fieldwork. Each Finding is auto-classified against it, Above Planning Materiality (PM), Above the Clearly Trivial Threshold (CTT), or Below CTT. Below-CTT findings are accumulated for the trivial-threshold review per SA 450.5.
Aggregation runs on every Finding update. Same-account misstatements net or accumulate per the SA 450 guidance. Aggregated totals are visible on the Findings dashboard and on every account's lead schedule.
At any point the firm can generate the SA 450-aligned summary of uncorrected misstatements, with quantum, account, assertion, the auditor's basis for not requesting correction, and the reason management has not corrected. Ready for the TCWG communication.
Before the SA 700 sign-off step opens, CORAA proposes the opinion type, Unmodified, Qualified, Adverse, or Disclaimer, based on the aggregated Findings, the materiality band, and the pervasiveness assessment. The partner retains the final judgement and any override is logged with written rationale.
All open Findings in one stream, filtered by band, by account, by assigned reviewer, or by status. Snooze, escalate, link to evidence, attach a portal query, all without leaving the Findings inbox.
Every Finding carries the original flag, the evidence the auditor reviewed, the management response, and the resolution path. The audit file does not need separate evidence folders.
Want to see what the aggregated total would be if a specific Finding were excluded? The simulator runs the scenario without modifying the file, useful for partner judgement calls.
SA 260-aligned communication composes from the uncorrected misstatements summary plus the qualitative observations. Editable before send, archived with the engagement.
